Monday, April 26, 2010

20100426 1300 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1339.5, changed : -0.5 point, volume : moderate.
Bollinger band reading : side way range bound with a little upside biased.
MACD Histrogram : weakening, buyer seems not interested.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Despite a stronger regional Asia market, 6.5 point range FKLI ended half point lower on half time with sustaining volume changed hand. No follow through after market opened on higher ground lead the hourly chart to form a side way range bound little upside biased reading.

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